ARA Asset Management completed the acquisition of a majority stake in London & Scottish Property Investment Management.

ARA Asset Management, a real estate fund management company that focuses on the management of public-listed real estate investment trusts, REITs, completed the acquisition of a majority stake in London & Scottish Property Investment Management, co-investing property development, property management, and asset management business. Financial terms were not disclosed. ARA Asset Management is a Singapore-based real estate fund management company that focuses on the management of public-listed real estate investment trusts, REITs. The Company manages REITs, private real estate funds, specialist equity funds and offers corporate finance advisory services.